How To Become A New Business Development: What It Is and Career Path

What is a new business development and how to become one

Updated January 8, 2025

4 min read

Quoted expert

Kaustav Misra Ph.D.

If you are a new Business Developer Manager, you are responsible for growing the business by finding new opportunities for profit, research leads, establishing a relationship with clients, and arranging appointments for sales executives. You will work to improve your organization's market position. You will often work with internal teams like the marketing staff and other managers to increase sales opportunities.

You will be responsible for generating revenue for your company. To become a New Business Development Manager, you must have a bachelor's degree in marketing, business, or a related field. You need to have basic knowledge of CFM software and MS Office. There are companies that prefer you to hold a master's degree in management. At the very least, you need to understand market and marketing strategies.

The top skills you need to develop are creative skills to work with teams and customers, critical thinking, communication and analytical skills, and negotiation skills. You must be goal-focused and organized. You can make an average annual salary of $104,000 if you are good at your job.

What general advice would you give to a new business development?

Kaustav Misra Ph.D.

Associate Dean, Central Connecticut State University

I have spent almost two decades in the higher education industry and about a decade in administration. I often advised students, and it is astonishing to see how many of these students do not plan for their future. A good plan is a starting point to lead a good and successful career and life. Hence, by all means, it is worth noting that developing a future-oriented focus is important, so taking time to streamline the plan should be an important exercise for every graduate before they begin to do anything.

ScoreNew Business DevelopmentUS Average

Salary

6.6

Avg. Salary $84,261

Avg. Salary $59,228

Stability level

7.5

Growth rate 10%

Growth rate 0.3%

Diversity

3.1

Race

American Indian and Alaska Native 0.23%

Asian 8.15%

Black or African American 3.04%

Hispanic or Latino 8.67%

Unknown 5.32%

White 74.58%

Gender

female 36.82%

male 63.18%

Age - 38

Race

American Indian and Alaska Native 3.00%

Asian 7.00%

Black or African American 14.00%

Hispanic or Latino 19.00%

White 57.00%

Gender

female 47.00%

male 53.00%

Age - 38

Stress level

7.5

Stress level is high

7.1 - high

Complexity level

9.0

Complexity level is advanced

7 - challenging

Work life balance

3.5

Work life balance is poor

6.4 - fair

Key steps to become a new business development

Explore new business development education requirements

Most common new business development degrees

Bachelor's

72.7 %

Associate

11.1 %

Master's

9.8 %

Start to develop specific new business development skills

Skills	Percentages
Senior Level Management	17.97%
Business Development	15.03%
CRM	10.05%
Sales Strategies	5.99%
Sales Quota	5.13%

Complete relevant new business development training and internships

Accountants spend an average of 1-3 months on post-employment, on-the-job training. New new business development learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as a new business development based on U.S. Bureau of Labor Statistics data and data from real new business development resumes.

Research new business development duties and responsibilities

Create, manage and update customer accounts on SalesForce customer database.
Utilize SalesForce to manage territory.
Manage logistics, control engineering and design, order placement, vendor relationships, customer utilization and technology.
Negotiate TCO, leveraging ROI and relate metrics, at a high level in a mature market.

Prepare your new business development resume

When your background is strong enough, you can start writing your new business development resume.

You can use Zippia's AI resume builder to make the resume writing process easier while also making sure that you include key information that hiring managers expect to see on a new business development resume. You'll find resume tips and examples of skills, responsibilities, and summaries, all provided by Zippi, your career sidekick.

Choose from 10+ customizable new business development resume templates

Build a professional new business development resume in minutes. Browse through our resume examples to identify the best way to word your resume. Then choose from 10+ resume templates to create your new business development resume.

Apply for new business development jobs

Now it's time to start searching for a new business development job. Consider the tips below for a successful job search:

Browse job boards for relevant postings
Consult your professional network
Reach out to companies you're interested in working for directly
Watch out for job scams

How do new business development rate their job?

-/5

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New business development reviews

A zippia user wrote a review on Aug 2020

Pros

Innovating a business model is key for a profitable business and growth. Without a proper and sustainable business model, even the best product or technology innovations will not flourish. Learn the skills and knowledge needed to start improving your business as you learn through real-life examples from fellow entrepreneurs, innovators and leading experts on business model innovation. Benefit business owners, entrepreneurs, business consultants or business developers who seek better understanding of business models and the tools to develop them.

Cons

There's nothing much not to like about this role.

A zippia user wrote a review on Apr 2019